The market is expected to increase 6% in 2007, down from an 18% increase this year. Yes, the market is slowing down, but it’s sort of like a Ferrari taking a corner, it HAD to slow down. Real estate prices are NOT going down in Vancouver. They are simply going up slower than the last (record) year. An $18,000 return on a $300,000 purchase is still a very good return on your investment. Especially if you buy with 5% down!
The market will go up and down, and regardless of whether you own or not you’ll always need a roof over your head. Buying real estate was tough this last little while, but now it’s MUCH easier than in the past 4 years. The number of listings are up and prices are being reduced across the board (most were over priced to begin with...) and buyers can now take their time and negotiate longer. The trend is our friend. Everyone overreacted when the market was up and smart people made money, now everyone is overreacting when the market isn't going up (as fast) and guess what? Smart people are STILL making money, and living in a cool pad to boot...
Remember, what prices do in the immediate future shouldn’t matter much if you buy a place you love. Trying to time the real estate market is one of the hardest investments to make, even for professionals, and is usually more of an excuse for inaction than a well-researched conclusion.
Happy hunting,
D'Arcy R. Harris
Listing Coordinator, the Harris Team
Tel: (604) 771 1637
Fax: (604) 488 0885
Sutton Group - Westcoast Realty
darcy@darcyharris.com
http://www.vancouverrealestateinfo.ca/
P.S: Sign up for a home evaluation, with absolutely no obligation!
P.P.S: I supply this information to you free of charge and without obligation in the hope that when you do decide to buy or sell your home, you’ll call the Harris Team to help make it a reality.
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Weekly Real Estate Listings
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They are all the current listing out right now; in fact, some of them are so new they’re not even posted on Realtylink ors MLS.ca. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program.
If you want more information about the listings, email me the MLS number and I’ll send you more info.
Vancouver Lofts:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=844421269&s=BRC&t=BRC
Investment and Revenue Properties:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=622901769&s=BRC&t=BRC
Vancouver House Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1145819121&s=BRC&t=BRC
Vancouver Apartment Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=311438022&s=BRC&t=BRC
Assignment of Contract:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1890514685&s=BRC&t=BRC
Are you calling the listing agent directly? You should be working with a Buyer Specialist; we’ll do all the work and won’t charge you a nickel. Simply click here and we’ll contact you within 24 hours!
I could also have all the listings that match your criteria emailed to you ASAP rather than weekly, sign up for the VIP Buyers Program to learn more about our personalized services.
And please remember, I supply this information to you free of charge and without obligation with the hope that when you do decide to buy or sell your home, you’ll call me to help make it a reality.
If you would like to sign up to receive this update by email, please Click Here.
Tuesday, November 14, 2006
Monday, November 06, 2006
Vancouver Real Estate - November 6, 2006
Sorry it’s taken so long to get the newsletter out again and thank you to everyone who sent an email to remind me!
Our office is now officially up and running and open for business! The entire Harris Real Estate Team has moved into our new ground floor loft in the Mount Pleasant loft district. It’s located at 272 E. 4th Ave, suite 101. It’s on the corner and you can’t miss us, so feel free to stop in and say hello if you’re in the neighbourhood!
This week’s newsletter is packed with information, including a new category of listings: Assignments of Contract. Want to know what that is? Email me your questions; we’re here to help.
Read on!
D'Arcy R. Harris
Listing Coordinator, the Harris Team
Tel: (604) 771 1637
Fax: (604) 488 0885
Sutton Group - Westcoast Realty
darcy@darcyharris.com
http://www.vancouverrealestateinfo.ca
P.S: Sign up for a home evaluation, with absolutely no obligation!
P.P.S: I supply this information to you free of charge and without obligation in the hope that when you do decide to buy or sell your home, you’ll call the Harris Team to help make it a reality. We offer the most in depth services in the business, so call us!
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Featured Listing: North Vancouver, price reduced!
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HUGE views of Vancouver from this beautifully maintained 1br/1ba condo in Lower Lonsdale. Priced to move, it was listed at $325,000 but the price was reduced to $305,000 yesterday! Nothing changed except the seller’s motivation! Walk to the sea bus, shopping and restaurants from this quiet and private 642 sq. ft. apartment. Oh, and did I mention the view?
Photos: http://vancouverrealestateinfo.ca/silver_listingDetail.asp?ID=251166
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Success Stories:
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Congratulations go out to G.H who closed on his first condo! He was very patient in his search for a new home and after a few offers and lots of looking we found a great place for a great price. Well-done G! You've shown us all that being patient and diligent in your search pays off in the long run. If you want to work with a professional Realtor who doesn't push you to buy something then give Grady a call at 604-781-7900.
Another first time home buyer this week is M.P, who closed on a beautifully renovated town house in South Surrey. We were able to negotiate the price down to where it was the least expensive townhouse in the surrounding area. M and his longtime girlfriend S.S. take possession at the end of this month and I can't wait for the house warming party! I'm sure you’ll be happy there for many years to come. Congratulations to you both.
And finally the Harris Team would like to pass on our congratulations to Gary and Jasmine. We listed and sold their one-bedroom condo and also represented them for the purchase of a spacious three bedroom condo for their ever growing family. Using our VIP BUYER PROGRAM, we were able to view and get an accepted offer (for below asking) before anyone else even had a chance to see it. Great work and your new neighbours are lucky to have you there.
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Weekly Real Estate Listings
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These are all the current listing out right now; in fact, some of them are so new they’re not even posted on Realtylink ors MLS.ca. Want to get them before they’re even in the newsletter? Sign up for the VIP Buyers Program. If they don’t load, cut and paste the links into your browser. If you want more information about the listings, email me with the MLS number and I’ll send you more info.
Vancouver Lofts:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=455990813&s=BRC&t=BRC
Investment and Revenue Properties:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1024050700&s=BRC&t=BRC
Vancouver House Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1099711409&s=BRC&t=BRC
Vancouver Apartment Foreclosures:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=347329793&s=BRC&t=BRC
*NEW!* Assignment of Contract for Sale:
http://mlslink.mlxchange.com/Pub/EmailView.asp?r=1296297480&s=BRC&t=BRC
If you see any listings that interest you, simply reply to this email with the MLS number and the time that you’re available to view it and we’ll set up a private tour just for you. Or have them emailed to you daily rather than weekly, sign up for the VIP Buyers Program.
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Looking for Sellers to Be on TV!
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If you are planning on selling your home this fall then HGTV's hit real estate show “Buy Me” wants to hear from you! Buy Me is searching for Greater Vancouver homeowners and their agents to participate this fall and winter. Buy Me is a 30 minute reality-doc style show that follows the sale of a home from before the listing all the way through to the final sale. It airs on Wednesday's on HGTV. I’m looking for a loft owner who would like to participate with us! As an added bonus, homeowners receive $3000 to put towards their new purchase, move or to do any fix-ups. If you’re thinking of selling and want to be on TV with us, email BuyMe@darcyharris.com ============================================
Expenses when you buy: Filip de Sagher, Notary Public
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Everyone who buys a property in BC pays property transfer tax. That tax is calculated as 1% on the first $200,000 of the purchase price and 2% on the balance of the purchase price. You can be exempt from paying this tax if you are a first time home buyer and meet certain criteria. Here are the most important ones (but not all of them!): Purchase price of $325,000 or less (pro rated adjustment if between $325,00 and $350,000) Mortgage of 70% or more (meaning a downpayment of 30% or less) Never owned a property anywhere in the world before Canadian or permanent resident BC resident for at least a year A couple will get a pro-rated adjustment if only one qualifies for this exemption.
Filip can be reached here: http://www.notarydeprez.com
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From the News:
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Sales down, listings up in Vancouver real estate Nov, 04 2006 - 3:20 AM
VANCOUVER/CKNW(980) - While the overall sales of living space in greater Vancouver decreased last month, there has been a steady increase in the number of real estate listings. According to the Real Estate Board of Greater Vancouver, total residential sales of detached, attached and apartment properties decreased over 12% in October compared to the same time last year. However, it's also reported that new listings for the same types of living units are up 20% from October 2005. Bright spots in the market include West Vancouver with an increase in sales of 34.5%, North Vancouver, up 14.4% over last year, and Port Moody up 18.5%.
Lower Mainland real-estate market moving away from highs Greater Vancouver's real estate board reported 2,722 Multiple-Listing-Service-recorded sales in October, which was higher than September, but a 12.2-per-cent drop from October, 2005…
Olympics blamed for Vancouver housing woes
The coalition noted that Games organizers vowed no one would lose housing as a result of the Olympics. The city’s bid to obtain the 2010 Games pledged to protect rental housing stock, rental costs and the prevention of evictions.
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Insider Secrets Revealed:
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Each month, I publish a series of articles of interest to homeowners – money saving tips, household safety checklists, home improvement advice, real estate insider secrets, and much more that DOESN’T fit in this newsletter: Click Here
I’ve put up all the past newsletters on a blog! So if your dog eats your email, you can always check it out by Clicking Here.
If you are receiving this newsletter from someone else (or reading it on my blog) and would like to sign up to receive it directly, please Click Here
Would you like to have access to all the new listings that match your home buying criteria, including area, price range and style of home, emailed to you directly? Tired of leafing through hundreds of listings to find what you’re looking for? This is a free service and will allow you to view only the homes that you're interested in seeing. Become a Vancouver Real Estate VIP Buyer and beat other buyers to all the hot new listings.
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Community Corner: Realtors Care Blanket Drive…
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As the festive season quickly approaches so brings the change of weather in Vancouver. Unfortunately, there are so many less fortunate out there that just hope to have clothes and blankets to protect them from the cold. We can all work together to make a difference for these people by actively participating in our annual Realtors Care- Blanket Drive. We have continued to make this initiative as successful as the next and everyone’ generous donations of blankets and clothing have truly made a difference. To donate, simply email me about your donation and someone from the Harris Real Estate Team will come out to pick it up from you. Everything helps!
The Weekly Real Estate Update goes out to over 2500 people a week, and would be a great place to get some attention for your community event. So feel free to email me and I’ll put it here free of charge. Just another way of thanking you for your business…
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Contact Info:
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If we do all this for free, imagine what we do when we’re working together!
I invite you to forward this newsletter on to your friends and family.
If you are receiving this newsletter from someone else and would like to sign up to receive it directly, please Click Here.
Comments and suggestions are always welcome, thanks for reading!
D'Arcy R. Harris
Listing Coordinator, the Harris Team
Tel: (604) 771 1637
Fax: (604) 488 0885
Sutton Group - Westcoast Realty
www.VancouverRealEstateInfo.ca
What's Your Home Worth? Free Over the Net Evaluation
Become a VIP Buyer and Beat Other Buyers to Hot New Listings
View All My Listings
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